December 23 Bitcoin Evening Market (18:50, China Time)
• Current Price: Approximately $88,500, with slight weakness in intraday fluctuations, overall consolidating in the 88,000-89,000 range, intraday high near 90,000 and low around 87,800.
• Core Conclusion: Range-bound fluctuations are the main trend, with the 90,000 level facing significant pressure and low liquidity towards the end of the year, intensifying the tug-of-war between bulls and bears.
Key Price Levels (Evening)
• Resistance: 90,000-90,554 (psychological + previous high) → 91,000-92,000 (previous high area)
• Support: 88,000 (key intraday) → 87,500-87,800 (intraday low) → 87,000
Technical and Capital
• 1H RSI is neutral to strong, MACD has a golden cross above the zero line but limited momentum; 4H 89-period EMA around 88,210 provides dynamic support.
• ETF net outflow today of approximately $227 million, with Fidelity and Grayscale leading the outflows, resulting in a suppressed funding environment.
• Approaching $23 billion in options expiration + Christmas holiday, liquidity tightening, and volatility risk rising.
Evening Scenario and Operation Suggestions
1. Stabilize above 89,000 → light position to chase long, target 90,000-90,500, stop loss below 88,000.
2. Break below 88,000 → wait and see or small position to short, target 87,500-87,000, stop loss above 88,500.
3. Within the range → sell high and buy low, quick in and out, single position ≤ 3%, strictly control stop loss to avoid heavy overnight positions.
• Current Price: Approximately $88,500, with slight weakness in intraday fluctuations, overall consolidating in the 88,000-89,000 range, intraday high near 90,000 and low around 87,800.
• Core Conclusion: Range-bound fluctuations are the main trend, with the 90,000 level facing significant pressure and low liquidity towards the end of the year, intensifying the tug-of-war between bulls and bears.
Key Price Levels (Evening)
• Resistance: 90,000-90,554 (psychological + previous high) → 91,000-92,000 (previous high area)
• Support: 88,000 (key intraday) → 87,500-87,800 (intraday low) → 87,000
Technical and Capital
• 1H RSI is neutral to strong, MACD has a golden cross above the zero line but limited momentum; 4H 89-period EMA around 88,210 provides dynamic support.
• ETF net outflow today of approximately $227 million, with Fidelity and Grayscale leading the outflows, resulting in a suppressed funding environment.
• Approaching $23 billion in options expiration + Christmas holiday, liquidity tightening, and volatility risk rising.
Evening Scenario and Operation Suggestions
1. Stabilize above 89,000 → light position to chase long, target 90,000-90,500, stop loss below 88,000.
2. Break below 88,000 → wait and see or small position to short, target 87,500-87,000, stop loss above 88,500.
3. Within the range → sell high and buy low, quick in and out, single position ≤ 3%, strictly control stop loss to avoid heavy overnight positions.
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BTC
87,799.43
+0.41%